The unemployment rate is obtained by
A) dividing the number of employed people by the number of unemployed people.
B) dividing the number of employed people by the noninstitutional population.
C) dividing the number of unemployed people by the noninstitutional population.
D) dividing the number of unemployed people by the civilian labor force.
D
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What is the quota for "diversity immigrants" into the U.S.?
A. 1 million per year B. 500,000 per year C. 50,000 per year D. 25,000 per year
Refer to the figure above. Which of the following statements is true?
A) Ryan has a comparative advantage in the production of Good 1, whereas Tom has a comparative advantage in the production of Good 2. B) Ryan has a comparative advantage in the production of Good 2, whereas Tom has a comparative advantage in the production of Good 1. C) Ryan has a comparative advantage in the production of both the goods. D) Tom has a comparative advantage in the production of both the goods.
The above figure shows the market for pizza. Which figure shows the effect of a decrease in the price of a hamburger, which for consumers is a substitute for pizza?
A) Figure A B) Figure B C) Figure D D) Figures B and C
Under a system of fixed exchange rates where the foreign exchange market is in equilibrium and neither country has a balance-of-payments deficit or surplus, an increase in imports of French goods by Japanese consumers, ceteris paribus, would result in a
A. Balance-of-payments deficit for Japan. B. Balance-of-payments surplus for Japan. C. Balance-of-trade deficit for France. D. Market surplus of francs.